For May 2016 Attempt what is the Service Tax Rate??
Yup change in rate will applicable for may 2016 attempt as amendments whose added between 6 months period from exam will be added in the syllabus.
Hello dear, your question is about the applicability of revised rate of service tax. dear i m answering you that as per the finance act (2),2014 the rate of service tax is change from 12.36% to 14%. howere it is also said in the act that the rate for diffrent services are different as per the neceecity of the utility of the service by the user. FROM MAY 2016 RATE OF SERVICE TAX IS 14% OF THE AMOUNT OF THE SERVICES PROVIDED IT IS ALSO CLEAR THAT THE APPLICABLE RATE FOR DIFFERENT SERVICES ARE IN THE CA MAY 2016 EXAM ARE AS FOLLO Effective Service Tax Rates for various services Normal - 14 % GTA Transports - 4.2 % Builder-Residentail - 3.5 % Builder-Commercial - 4.2 % Civil Contractor with Material - 5.6% Erection/ elctr wth Material - 5.6% Repair Maint. of Bldg or goods - 9.8 % Lodging - 8.4 % Restaurant - 5.6 % Catring - 8.4 % Hall wth Catering - 9.8 % Vehicle Rent - 5.6%
YES,IT WILL BE APPLICABLE FOR MAY 2016 EXAMS.ALL THE CHANGES THAT TOOK PLACE BEFORE 6 MONTHS OF EXAMS ARE APPLICABLE FOR THAT ATTEMPT. SINCE IT IS A CHANGE BY FINANCE ACT 2015 WHICH WILL BE APPLICABLE FOR MAY 2016 EXAMS. HENCE THE NEW SERVICE TAX RATE OF 14% WILL BE APPLICABLE FOR MAY 2016 EXAMS.
your question about "**Change Rate in Service Tax for the May 2016 Attempt**" is difficult to answer since presently service tax rate is 14% with effect from 01.06.2015 and also education cess & secondary higher education cess has been removed with effect from 01.06.2015 , further government is yet to notify swachh bharat cess. The Finance Ministry said that the Swachh Bharat 2 per cent cess on various services will be notified at a later date although the higher rate of 14 per cent Service Tax will take effect from June 1. **Change Rate in Service Tax for the May 2016 Attempt** will depend much on the notification of the government later on and as of now nothing can be said with surety with regard to **Change Rate in Service Tax for the May 2016 Attempt.**
Hi Government has recently changed rate of service tax from 12% to 14%. Thus changed rate of service tax of 14% would be applicable for may 16 attempt. However Government can change the rate by giving notification in official gazette & then Change rate would apply. As of now, 14% rate is applicable in May 16 attempt.